Use the information below to answer questions The Assets and liabilities of Udo Co.ltd. as…

Accounts - Principles of Accounts JAMB 2002

Use the information below to answer questions

The Assets and liabilities of Udo Co.ltd. as at 31st December, 2000.

Creditors N50,000

Debtors N46,000

Loan N100,000

Stock N20,000

Motor vehicle N120,000

Building N70,000

Accrued wages 30,000

Bank N25 ,000

The value of capital invested by the owners is?

  • N110,000
  • N105,000
  • N101,000 checkmark
  • N100,000

The correct answer is: C

Explanation

No official explanation is available for this question at this time. Please check contributions posted by others below. If you can provide an explanation to help other student learn.
Previous Question Next Question

Leave A Comment